Steady growth in remittances supports Pakistan’s current account
Pakistan saw a significant boost in remittances, reaching an all-time high of $3.2 billion. This represents a 15% increase from the previous month and a...
Historical Impact of Capital Gain and Dividend Tax changes on PSX
The changes in CGT and dividend taxes have shown varied impacts on the market.
A 100bps cut expected in Jun’24 MPC as inflation gives breathing room
It is anticipated that the MPC will opt for a dovish rate cut of 100 basis points (bps), reducing the policy rate to 20%....
FFC leads May 2024 fertilizer sales despite overall decline in Urea and DAP offtake
The fertilizer market in Pakistan saw a significant decline in offtake for May 2024, according to recent data. Both Urea and DAP sales dropped, impacting...
Cement dispatches reach 9-month high in May 2024
Cement dispatches in May 2024 reached a nine-month high of 4.28 million tons, reflecting a significant increase of 45% compared to April 2024 and 8%...
Mughal Iron & Steel Industries on track to eclipse competitors
Foundation Research has just released an update on its coverage of Mughal Iron & Steel Industries Limited (MUGHAL) stock
Petroleum product sales surge in May 2024
The overall off-take rose by 26% compared to April 2024 and 7% compared to May 2023, reaching approximately 1.4 million tons
April 2024 textile exports: seasonal challenges remain
The latest report on textile exports highlights several important trends and changes within the industry for April 2024.